Ripple Co-Founder Backs Kamala Harris with $10M XRP Donation

Chris Larsen, co-founder of Ripple and influential Silicon Valley investor, has pledged $10 million in XRP to support Vice President Kamala Harris’s 2024 presidential campaign. The donation comes as part of Larsen’s push for a new Democratic approach to tech innovation, particularly in the realm of cryptocurrency.

Key details of Larsen’s pledge:

• $10 million in XRP: Larsen announced the donation as part of his belief in Harris’s ability to lead the U.S. toward global technological dominance, especially in the crypto space.
• Earlier contributions: Larsen has already provided approximately $1.9 million to Harris’s campaign in 2024, both directly and through political action committees (PACs) like Future Forward.
• A call for tech innovation: In his statement, Larsen said, “It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe Kamala Harris will ensure that American technology dominates the world.”

Ripple Labs CEO Brad Garlinghouse responded to the announcement, emphasizing the need for bipartisan support for crypto policies:

• Garlinghouse’s reaction: “I respect Chris’ (and everyone’s!) right to support whomever they think is best to lead the U.S.,” Garlinghouse wrote, while reiterating Ripple’s commitment to engage with both political parties to promote pro-crypto policies.
• Focus on crypto innovation: “It’s not about party lines; it’s about championing policies that drive blockchain and crypto innovation,” Garlinghouse added.

Larsen’s significant contribution reflects the ongoing intersection of cryptocurrency, technology policy, and political influence in the U.S. as the 2024 election approaches.